The Pitney Bowes Bank, Inc. in Salt Lake City, Utah (UT)



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The Pitney Bowes Bank, Inc. routing number info

Table of contents:
The Pitney Bowes Bank, Inc.
GeneralFDIC Certificate #: 34599
Status: Active
Federal Reserve ID: 2649177
Date Established: January 16, 1998
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 60763
Numeric code: 23
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 16, 1998
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1245 East Brickyard Road, Suite 250, Salt Lake City, UT 84106
County: Salt Lake
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Salt Lake City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160)
Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620)
CBSA Metro Statistical Area: Salt Lake City, UT (#41620)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $748.3 mil
Equity capital: $56.6 mil
Deposits held in domestic offices: $643.1 mil
Return on assets (ROA): 11.11% ($83.1 mil)
Quarterly return on assets: 11.61% ($86.8 mil)
Return on Equity (ROE): 154.83% ($88.3 mil)
Quarterly return on equity: 156.77% ($89.4 mil)
Net income: $80.5 mil
Quarterly Net income: $21.4 mil
Pretax return on assets: 17.84% ($133,504.9 mil)
Quarterly Pretax return on assets: 19.13% ($143,158.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)16
Total assets$748,346
Cash and due from depository institutions$24,443
Interest-bearing balances$553
Securities$291,360
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$380,034
Loan loss allowance $16,563
Trading account assets$0
Bank premises and fixed assets$57
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$52,452
Life insurance assets$748,346
Total liabilities and capital$691,729
Total liabilities$643,101
Total deposits$593,329
Interest-bearing deposits$643,101
Deposits held in domestic offices$70
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,402
Other borrowed funds $0
Subordinated debt $44,226
All other liabilities $56,617
Total equity capital$56,617
Total bank equity capital$56,617
Perpetual preferred stock$0
Common stock$1
Surplus$97,839
Undivided profits $-41,223
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $11,203
Earning assets $0
Long-term assets (5+ years) $3,562
Average Assets, year-to-date $671,947
Average Assets, quarterly $216,036
Volatile liabilities $724,785
Insider loans $737,021
FHLB advances $489,387
Loans and leases held for sale $733,733
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $52,392
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,138,465
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $105,526
Total interest expense $2,995
Net interest income $102,531
Provision for loan and lease losses $8,780
Total noninterest income $38,695
Fiduciary activities $0
Service charges on deposit accounts $3,091
Trading account gains & fees $0
Additional noninterest income $35,604
Total noninterest expense $2,426
Salaries and employee benefits $1,365
Premises and equipment expense $150
Additional noninterest expense $911
Pre-tax net operating income $130,020
Securities gains (losses) -$694
Applicable income taxes $48,793
Income before extraordinary items $80,533
Extraordinary gains - net $0
Net income attributable to bank $80,533
Net charge-offs $0
Cash dividends $80,533
Sale, conversion, retirement of capital stock, net $12,299
Net operating income $79,700
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets15.64%
Cost of funding earning assets 0.44%
Net interest margin 15.20%
Noninterest income to earning assets 5.74%
Noninterest expense to earning assets 0.36%
Net operating income to assets 11.17%
Return on assets (ROA) 11.11%
Pretax return on assets 17.84%
Return on equity (ROE) 154.83%
Retained earnings to average equity (YTD only) 1.60%
Net charge-offs to loans 3.13%
Credit loss provision to net charge-offs 71.39%
Efficiency ratio11.29%
Assets per employee$1,718
Cash dividends to net income (YTD only)46.77%
Condition Ratios (%)
Loss allowance to loans 98.97%
Loss allowance to noncurrent loans 4.18%
Noncurrent assets plus other real estate owned to assets 147.84%
Noncurrent loans to loans 1.50%
Net loans and leases to deposits2.82%
Net loans and leases to core deposits 59.09%
Equity capital to assets 59.09%
Core capital (leverage) ratio 7.57%
Tier 1 risk-based capital ratio 7.14%
Total risk-based capital ratio 10.71%
Memoranda
Average assets$12
Average earning assets$724,785
Average equity $52,015
Average loans $674,706
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1 Utah Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
060763The Pitney Bowes Bank, Inc.1245 East Brickyard Road, Suite 250, Salt Lake City, UT 84106January 16, 1998Full Service Brick and Mortar
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